What is it about?
We analyse formal and informal institutions embedded in social and business networks, as a marketing solution for institutional voids. The paper set a new research agenda for advancing institutional theory to account for the impact of institutional void, informal institutions and networks on firm internationalisation.
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Why is it important?
We offer alternative view to global support to SMEs in developing economies who provide the big majority of employment in these economies. We explain that current support does not achieve the desired outcome as the work through the formal institutions which is not very useful for marginal entrepreneurs Our paper can encourage more creative thinking which can help global economic institutions to change their way of supporting these enterprises
Perspectives
We should live old binary perception of developed and developing appropriate channel vs inappropriate formal vs informal and focus on the outcomes of our efforts
Ofer Dekel-Dachs
De Montfort University
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This page is a summary of: Searching for a new perspective on institutional voids, networks and the internationalisation of SMEs in emerging economies: a systematic literature review, International Marketing Review, May 2021, Emerald,
DOI: 10.1108/imr-12-2020-0303.
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